Almost Money

NYT economics reporter Edmund Andrews explains how he got trapped in the housing bust. It's a great, if depressing, read:

As I walked out of the settlement office with my loan papers, I couldn’t shake the sense of having just done something bad . . . but also kind of cool. I had just come up with almost a half-million dollars, and I had barely lifted a finger. It had been so easy and fast. Almost fun.

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